RedotPay Explores $1 Billion US IPO at $4 Billion Valuation

RedotPay is weighing a US stock market debut that could raise more than $1 billion as investors keep circling the fast growing stablecoin payments sector.

Key Takeaways

• RedotPay is exploring a US IPO that could raise more than $1 billion and value the firm at over $4 billion.
• The company is reportedly working with JPMorgan Chase, Goldman Sachs, and Jefferies on a potential New York listing.
• RedotPay says it has about 6 million users and handles around $10 billion in annualized payment volume through stablecoin focused services.
• The push comes as stablecoins gain traction beyond trading into remittances, merchant settlement, and cross border payments, even while China maintains a strict crypto stance.

What Happened?

Hong Kong based stablecoin payments firm RedotPay is reportedly considering an initial public offering in the United States that could raise more than $1 billion. Bloomberg reported the discussions are ongoing and the terms could still change, including the final valuation and the underwriting group.

IPO Plans Put RedotPay in the Spotlight

According to Bloomberg, RedotPay is exploring a listing in New York that could happen as soon as this year, with JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group involved in talks. The report said the company may seek a valuation of more than $4 billion, though details remain under review and other banks could join.

A potential IPO of this size would be one of the more notable public market moves tied to stablecoin payments infrastructure, a corner of crypto that is increasingly framed as a bridge between digital assets and everyday spending.

What RedotPay Actually Does?

RedotPay has positioned itself as a payments and consumer finance product built around stablecoins. The company offers:

• Stablecoin linked payment cards.
• Multi currency wallets.
• International payout services.

The company says it has 6 million users. Another figure highlighted in the reports is scale, with RedotPay stating it processes about $10 billion in annualized payment volume.

That growth narrative has been central to its pitch. After one of its earlier funding rounds, RedotPay Co founder and CEO Michael Gao said:

“

The pace of adoption by crypto enthusiasts and those who’ve been left out by the traditional banking system shows that we are building something truly impactful,

Michael GaoFounder and CEO – Redotpay

Funding Momentum and the Unicorn Leap

RedotPay’s IPO exploration follows a busy fundraising year. Across 2025, the company raised a reported $194 million in total.

The latest report breaks that down into multiple rounds, including:

• A $40 million Series A in March led by Lightspeed, with participation from HSG and Galaxy Ventures
• A $47 million strategic round in September that included Coinbase Ventures, plus continued backing from Galaxy Ventures and Vertex Ventures
• A $107 million Series B in December led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, plus continued support from HSG

Separately, Bloomberg also noted that the December Series B valued RedotPay at more than $1 billion, and that the company had upwards of 6 million registered users as of November.

CoinLaw’s Takeaway

I see this as a big signal that stablecoin payments are trying to graduate from crypto niche to mainstream finance. In my experience, the market rewards companies that can show real usage, clean compliance posture, and a product that people actually touch every day, not just trade. If RedotPay can back up its user count and payment volume with durable revenue and strong controls, a US listing could give it the credibility boost that many crypto adjacent firms still struggle to earn.

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